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ifs DipFA approved at FSA definition of level four

The ifs School of Finance says Ofqual has formally approved amendments to its level four diploma for financial advisers, designed in response to the FSA’s retail distribution review.

The ifs says the modification ensures that DipFA satisfies the FSA’s requirement for all elements of the qualification to be at level four and for the qualification to cover the core learning identified by the FSA.

It adds that when the Financial Services Skills Council has completed its revision of the standards, any gaps identified can be filled through continuing professional development, as part of the FSA’s no-regrets policy.

The ifs says advisers who have already started to study for the DipFA or are registered for the next session have been informed of the changes.

It adds that there will be an additional element to the programme that all students will need to pass. The ifs says there will not be any additional cost for students already on the programme.

ifs School of Finance dean of further education Anne Kiem says: “We are very pleased to be able to assure advisers that this qualification satisfies the change in the requirements announced by the FSA. The approach we have taken has clearly already struck a chord across the adviser community. It deepens understanding of additional core content while at the same time focusing on the key professional skills relating to appropriate communication and behaviour with the client.

“Strong interest is being shown in the DipFA, with advisers keen to develop further their awareness and understanding, and expand their skills-base.”

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